This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Ericsson, Riverbed, Netflix: Pre-Market Movers

NEW YORK ( TheStreet) -- Ericsson (ERIC - Get Report) was one of tech's big laggards before market open as the Swedish firm's shares fell nearly 3% to $9.28.

ST-Ericsson, the chip joint venture of Ericsson and STMicroelectronics (STM) plans to make a major strategic announcement later today.

Citing an ST-Ericsson spokeswoman, Reuters reports that the announcement was pushed back from "before market open" to the afternoon, European time, for a "technical reason."

The announcement is expected to detail site closures and jobs cuts, and could include seeking a partner for application processors, according to Reuters.

Ericsson was one of the most active Nasdaq stocks before market open with volume reaching 260,500.

Riverbed (RVBD - Get Report) was another laggard in pre-market trading on Monday as investors continued to digest the company's latest quarterly results, released last week.

The networking specialist fell short of Wall Street's revenue forecast in its first-quarter results, released late on Thursday. Riverbed shares slipped 2.07% to $19.44 before market open on Monday.

TheStreet Ratings downgraded Riverbed from 'buy' to 'hold' on Monday, citing the stock's generally disappointing performance, unimpressive growth in net income and "premium valuation."

Video company Netflix (NFLX - Get Report), which reports its first-quarter results after market close, was down 0.69% to $105.38.

Texas Instruments (TXN - Get Report), which also reports first-quarter results on Monday, was down 0.55% to $32.29.

Apple (AAPL - Get Report), which is on deck to report second-quarter results after market close on Tuesday, was down 0.21% to $571.80. Apple was also an active Nasdaq stock on share volume of 161,220.

-- Written by James Rogers in New York.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.24 0.70%
ERIC $12.83 -0.31%
NFLX $418.25 -0.83%
RVBD $20.89 0.05%
TXN $55.80 0.13%


DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs